Current Price: WIPRO is trading near the 520 – 525 zone (recent levels).
Current Trend: Stock is moving sideways after a sharp move earlier, showing consolidation.
Support Zone: Strong support at 510 – 515. Buyers likely to defend this area.
Resistance Zone: Key resistance around 530 – 535. A breakout above 535 can lead to upward momentum.
Indicators: Daily candles indicate indecision; volumes are stable, showing accumulation at lower levels.
Outlook:
Above 535 → bullish momentum possible toward 550+.
Below 510 → weakness may extend toward 495.
👉 In short:
Range: 510 – 535.
Neutral to bullish tone if it breaks above resistance.
Current Trend: Stock is moving sideways after a sharp move earlier, showing consolidation.
Support Zone: Strong support at 510 – 515. Buyers likely to defend this area.
Resistance Zone: Key resistance around 530 – 535. A breakout above 535 can lead to upward momentum.
Indicators: Daily candles indicate indecision; volumes are stable, showing accumulation at lower levels.
Outlook:
Above 535 → bullish momentum possible toward 550+.
Below 510 → weakness may extend toward 495.
👉 In short:
Range: 510 – 535.
Neutral to bullish tone if it breaks above resistance.
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